Funding arb · Price arb /

INTC

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0184%/8h= −20.1% APRpaid last 24h −0.002%

Price spread now: Bybit against Coinbase International+0.648%7-day average +0.082% · you sell dearer than you buy

Net, funding: paid 7d − costs−$56as in the Funding arb table

Net, price: spread back to 7d avg − costs+$16as in the Price arb table

costs, in and out, $10k−$400.402% of the position

Long on Coinbase International Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.162%−$16 on $10k

Price spread, last 4 days (all we have)−0.722%−$72 · spread now +0.648%, 7d avg +0.082%

Together, before fees−0.884%−$88 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Bybit is 0.566% dearer against Coinbase International than usual: you sell high and buy low (spread +0.648% now, against its 7-day average of +0.082%): +$57 on $10k if it goes back. Holding the pair costs −$6 a day in funding at the current rate, which eats that in about 10 days. At the pace of the last 7 days (−0.162% in total) that is about 24 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International INTC-PERP-INTX	120.38	0.0184	pay 0.0023% / 1h	55m 54s	$250K	$858K	10x
Short	Bybit INTCUSDT	121.16	0	get 0.0000% / 8h	2h 55m	$12.9M	$28.8M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against Coinbase International. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee Coinbase InternationalbpFee BybitbpOrdersPrice spread, now +0.648%Rate

Funding earned: −$38.64
Price spread: +0.648% → +0.082%: $56.57
Slippage, 4 orders: −$19.21
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$22.27
Costs to cover: 0.402%
Break-even: from the start

Slippage from Coinbase International: live order book, 42 min ago; Bybit: live order book, 3 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Coinbase International live order book, 42 min ago	5.36 bp	11.0 bp −$11	14.7 bp −$147	doesn't fit	doesn't fit
Sell Bybit live order book, 3 min ago	0.41 bp	9.5 bp −$9	20.8 bp −$208	286.2 bp −$28.6K	doesn't fit

INTC on 33 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget INTCUSDT	−0.0730%	8h	121.27	+0.739%	$25.1M	$31.9M	50x	as long as short
Aster INTCUSDT	0.0000%	8h	121.20	+0.684%	$301K	$541K	20x	as long as short
Bybit INTCUSDTshort	0.0000%	8h	121.16	+0.648%	$12.9M	$28.8M	50x
Gate INTC_USDT	0.0000%	8h	121.17	+0.656%	$8.5M	$30.0M	75x	as long as short
Deribit INTC_USDC-PERPETUAL	0.0000%	1h	121.07	+0.573%	$20K	$107K	10x	as long as short
Phemex INTCUSDT	0.0000%	8h	121.11	+0.606%	$1.7M	$50K	10x	as long as short
GRVT INTC_USDT_Perp	+0.0004%	8h	120.66	+0.233%	$904K	$1.4M	10x	as long as short
Lighter RH INTC	+0.0032%	1h	121.13	+0.623%	$661K	$2.8M	10x	as long as short
Injective INTC/USDC PERP	+0.0033%	1h	121.34	+0.797%	$213	$22K	12x	as long as short
Arcus INTC-USD	+0.0040%	1h	120.78	+0.332%	$91K	$307K	10x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aftermath Perps INTCUSD	+0.0042%	1h	120.82	+0.366%	$2K	$54K	10x	as long as short
Vest INTC-USD-PERP	+0.0045%	1h	120.99	+0.507%	—	$1.5M	25x	as long as short
Polymarket Perps INTC-USD	+0.0050%	1h	121.12	+0.615%	$208K	$494K	10x	as long as short
Ondo Perps INTC-USD.P	+0.0050%	1h	120.95	+0.474%	$1.2M	$2.3M	10x	as long as short
QFEX INTC-USD	+0.0052%	1h	121.01	+0.523%	$1.5M	$11.4M	10x	as long as short
OKX INTC-USDT-SWAP	+0.0057%	8h	121.17	+0.656%	$18.2M	$68.0M	25x	as long as short
Variational Omni INTC	+0.0077%	8h	121.12	+0.618%	$2.1M	$2.5M	—	as long as short
Nado INTC-PERP	+0.0082%	1h	121.06	+0.562%	$160K	$289K	10x	as long as short
ApeX Omni INTCUSDT	+0.0100%	1h	120.86	+0.399%	$47K	$259K	50x	as long as short
Orderly PERP_INTC_USDC_mythos	+0.0100%	8h	121.12	+0.615%	$4K	$3K	10x	as long as short
Paradex INTC-USD-PERP	+0.0102%	8h	120.99	+0.504%	—	—	5x	as long as short
Extended INTC_24_5-USD	+0.0112%	1h	121.14	+0.629%	$336K	$1.9M	10x	as long as short
Aevo INTC-PERP	+0.0112%	1h	121.13	+0.622%	$49K	—	10x	as long as short
Binance INTCUSDT	+0.0114%	8h	121.16	+0.648%	$70.8M	$401.0M	25x	as long as short
KuCoin INTCUSDTM	+0.0145%	8h	121.12	+0.615%	$1.1M	$107K	20x	as long as short
Lighter INTC	+0.0176%	1h	121.13	+0.623%	$1.4M	$2.0M	10x	as long as short
Coinbase International INTC-PERP-INTXlong	+0.0184%	1h	120.38	long leg	$250K	$858K	10x
RISEx INTC/USDC	+0.0215%	1h	121.06	+0.562%	$316K	$360K	10x	as long as short
tradeXYZ xyz:INTC	+0.0220%	1h	121.15	+0.640%	$145.0M	$66.7M	10x	as long as short
BloFin INTC-USDT	+0.0235%	8h	120.96	+0.482%	$908K	$306K	25x	as long as short
SoDEX INTC-USD	+0.0274%	1h	121.03	+0.541%	$27K	$4K	10x	as long as short
Phoenix INTC	+0.0326%	1h	120.65	+0.224%	$46K	$229K	10x	as long as short
edgeX INTCUSDC	+0.0516%	4h	120.65	+0.225%	$86K	$295K	10x	as long as short